Life insurance plans: Maximum benefit amount

Table 21. Life insurance plans: Maximum benefit amount, civilian workers,1 National Compensation
Survey, March 2011

(All workers with fixed multiple of earnings formula life insurance coverage = 100 percent)

Characteristics

With
maximum
benefit
amount

Maximum benefit amount2

With no
maximum
benefit
amount

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

69

$50,000

$50,000

$200,000

$500,000

$1,000,000

31

Worker characteristics

              

Management, professional, and related

69

50,000

100,000

250,000

600,000

1,000,000

31

    Management, business, and financial

73

50,000

100,000

250,000

700,000

1,100,000

27

    Professional and related

67

–

–

–

–

–

33

        Teachers

58

50,000

50,000

100,000

250,000

500,000

42

            Primary, secondary, and special education
             school teachers

48

–

–

–

–

–

52

        Registered nurses

67

50,000

50,000

250,000

550,000

1,000,000

33

Service

62

50,000

50,000

150,000

500,000

1,000,000

38

    Protective service

47

50,000

50,000

140,000

280,000

1,000,000

53

Sales and office

74

50,000

50,000

200,000

500,000

1,000,000

26

    Sales and related

81

–

–

–

–

–

19

    Office and administrative support

71

50,000

50,000

225,000

600,000

1,000,000

29

Natural resources, construction, and maintenance

66

50,000

70,000

200,000

500,000

2,000,000

34

    Construction, extraction, farming, fishing, and
     forestry

60

–

–

–

–

–

40

    Installation, maintenance, and repair

68

50,000

70,000

250,000

1,000,000

2,000,000

32

Production, transportation, and material moving

62

50,000

70,000

200,000

500,000

1,000,000

38

    Production

64

50,000

100,000

250,000

500,000

1,000,000

36

    Transportation and material moving

60

50,000

50,000

125,000

450,000

1,000,000

40

Full time

70

50,000

50,000

200,000

500,000

1,000,000

30

Part time

52

50,000

100,000

300,000

650,000

1,000,000

48

Union

52

–

–

–

–

–

48

Nonunion

71

50,000

50,000

225,000

500,000

1,000,000

29

Average wage within the following categories:3

              

    Lowest 25 percent

61

50,000

50,000

125,000

500,000

1,000,000

39

        Lowest 10 percent

59

–

–

–

–

–

41

    Second 25 percent

72

50,000

50,000

150,000

500,000

1,000,000

28

    Third 25 percent

69

50,000

50,000

200,000

500,000

1,000,000

31

    Highest 25 percent

68

50,000

100,000

300,000

750,000

1,500,000

32

        Highest 10 percent

71

50,000

100,000

300,000

750,000

1,100,000

29

Establishment characteristics

              

Goods-producing industries

63

50,000

100,000

300,000

750,000

2,000,000

37

Service-providing industries

70

50,000

50,000

200,000

500,000

1,000,000

30

    Education and health services

65

50,000

50,000

150,000

500,000

1,000,000

35

        Educational services

60

50,000

50,000

100,000

250,000

500,000

40

            Elementary and secondary schools

47

40,000

50,000

100,000

175,000

300,000

53

            Junior colleges, colleges, and universities

75

–

–

–

–

–

25

        Health care and social assistance

69

50,000

50,000

200,000

500,000

1,000,000

31

            Hospitals

69

–

–

–

–

–

31

    Public administration

43

50,000

50,000

100,000

200,000

500,000

57

1 to 99 workers

73

50,000

50,000

200,000

500,000

1,000,000

27

    1 to 49 workers

73

50,000

50,000

245,000

500,000

1,000,000

27

    50 to 99 workers

71

–

–

–

–

–

29

100 workers or more

67

50,000

50,000

200,000

500,000

1,000,000

33

    100 to 499 workers

71

50,000

50,000

150,000

500,000

1,000,000

29

    500 workers or more

64

50,000

70,000

250,000

1,000,000

1,500,000

36

Geographic areas

              

New England

74

50,000

50,000

200,000

500,000

750,000

26

Middle Atlantic

67

50,000

50,000

200,000

500,000

1,000,000

33

East North Central

60

50,000

75,000

200,000

600,000

1,000,000

40

West North Central

67

–

–

–

–

–

33

South Atlantic

66

50,000

50,000

250,000

500,000

1,500,000

34

East South Central

81

50,000

50,000

100,000

500,000

1,000,000

19

West South Central

75

50,000

50,000

250,000

750,000

1,000,000

25

Mountain

72

50,000

50,000

200,000

750,000

1,000,000

28

Pacific

73

50,000

50,000

200,000

500,000

1,000,000

27

1Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal government. See
Technical Note for further explanation.

2The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of the
participating workers receive the same as or more than the benefit shown, and half receive the same as or less than the benefit shown. At the 25th percentile,
one-fourth of the participating workers receive the same or less than the benefit&nb sp;shown. The remaining percentiles follow the same logic.

3The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both above and below the threshold.
The average wages are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2010." See Technical
Note for more details.


NOTE: Because of rounding, sums of individual items may not equal totals. Dash indicates no workers in this category or data did not meet publication criteria. For
definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20102011.htm.